"Nobody ever suggested that this ... was going to have all its impact in the first few days," he told "NBC's "Meet the Press." "It is a slow grind."

Pretty much this. Even with all the doom-and-gloom, it should be somewhat obvious to anyone with intelligence that it wasn't going to happen overnight. Same way if you lose your job, even if you have no savings, you don't find yourself in a box on the street corner the very next morning.

Here, let me light the curtains with a match. What, the entire house hasn't burned down in the first few seconds? Must be safe, then! Take that, firehaters!!

This comes from the people who declared that Obama "own" the economic failures and the recession in his first month or two in office, and anyone who blames whatsisname Texas Guy for anything that happened in the 8 years prior is just scapegoating.

Of course Fox News would say that - scientific research doesn't matter at all to Republicans (and frankly, barely matters more to many Democrats). Scientists find other things to do when their grants get cut, and they aren't going back to their old research when the grants are available again.

Was I wrong? What would happen if bond yields returned to their historical average? Obviously, we couldn't afford to borrow as much as we do, and would have forced austerity - very similar to what Greece is going through. Oh - I forgot, our bond yields will stay historically low forever and the dollar will be the global reserve currency for a million more years. Get your heads out the sand.

verbaltoxin:lordjupiter: Yakk: I learned this weekend that the president played Golf with Tiger Woods so the problems are non-existent. These are the types on insights you can only gain from watching FoxNews.

Kind of like years ago when they saw people in a shopping mall before Xmas, therefore "no recession".

Or, "It snowed a lot, so no global warming."

Cavepeople. We're dealing with cavepeople.

At least animals have instincts that tell them when the superficial and dominant characteristics in their surroundings don't tell the entire story. They don't sit on an egg for 5 minutes and think, "well, that didn't work". They store nuts for the coming winter while food is plentiful. They can sometimes actually see long-term, even if it is just biological impulse. Fox Newzers lack such instincts in addition to the higher orders of reason that might approximate or compensate for them.

The show shouldn't be "Are You Smarter Than A 5th Grader", it should be "Are You Smarter Than A Squirrel?"

Shouldn't we have been conquered by the Russians, Iranians, Chinese, or North Koreans by now? I could have sworn the Republicans cried about our security vulnerabilities. Surely, our enemies that spend way less than 10% on their militaries are going to take advantage. OMG, they are talking about canceling air shows. I've never understood why we waste so much money on those things anyway.

MattStafford:Was I wrong? What would happen if bond yields returned to their historical average? Obviously, we couldn't afford to borrow as much as we do, and would have forced austerity - very similar to what Greece is going through. Oh - I forgot, our bond yields will stay historically low forever and the dollar will be the global reserve currency for a million more years. Get your heads out the sand.

How many years do you think it will take before "bond yields returned to their historical average"?

I'll throw a month of TF on it if you're willing to nut up and actually make a prediction instead of this weak shiat. Over and over. With slightly different analogies attached.

MattStafford:Was I wrong? What would happen if bond yields returned to their historical average? Obviously, we couldn't afford to borrow as much as we do, and would have forced austerity - very similar to what Greece is going through. Oh - I forgot, our bond yields will stay historically low forever and the dollar will be the global reserve currency for a million more years. Get your heads out the sand.

BeesNuts:How many years do you think it will take before "bond yields returned to their historical average"?

I'll throw a month of TF on it if you're willing to nut up and actually make a prediction instead of this weak shiat. Over and over. With slightly different analogies attached.

The market can stay rational longer than you can stay solvent, as they say. All I can tell you is where our actions are leading us, accurately predicting a time frame is far more difficult. I'd say it is similar to climate change science. Will you discount climate change science because people refuse to make predictions about when the change will happen, or after you look back on failed past predictions? I can tell you where our actions will lead us, similar to climate change scientists explaining where our actions will lead us - when is an entirely different matter.

Generation_D:Only if about 1000 other random variables that separate us from Greece were suddenly magically true. But keep on repeating that right wing news talking point.

I'm curious as to what would prevent us from having a situation similar to Greece if our bond yields did return to historical averages? We would either have massive inflation and a depression if we printed our way out of debt, or massive deflation and a depression if we cut spending. The effect on main street would be similar.